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South Florida are poor. Inspired by the Nicaraguans who fled their country after the downfall of President Anastasio Somoza in 1979, wealthy families from El Salvador, Guatemala, Venezuela and Argentina are nervously preparing a South Florida refuge in case their own governments totter. They are pouring their fortunes into Miami banks; it is estimated that as much as $4 billion in Latin exile money is socked away in Miami...

Author: /time Magazine | Title: South Florida: Trouble in Paradise | 11/23/1981 | See Source »

...Hope Somoza, the widow of the Nicaraguan President, lives in Key Biscayne. Nicole Duvalier, who opposes her brother Baby Doc, owns a sumptuous home in southwest Miami. The son of the late Fulgencio Batista, former President of Cuba, works as a model in Fort Lauderdale. A retired leader of the Tonton Macoute, the Haitian secret police, lives in Miami. Says one leading political exile, alive...

Author: /time Magazine | Title: South Florida: Trouble in Paradise | 11/23/1981 | See Source »

...Miami, where an influx of Caribbean refugees and a burgeoning drug trade have caused a paroxysm of violent crime, Cuban-born Challenger Manolo Reboso, 46, is counting on heavy Cuban support to unseat four-term Incumbent Maurice Ferre. Reboso is an outspoken admirer of the late Nicaraguan Dictator Anastasio Somoza and was a leader of Democrats supporting Reagan. Perhaps the most direct, if quixotic, challenge to Reagan Administration policies came in a nonbinding referendum in Boston. Proposed was an increase in "quality education, public transportation, energy-efficient housing and other essential services-by reducing the amount of our tax dollars...

Author: /time Magazine | Title: Not Much of a Pattern Either | 11/16/1981 | See Source »

...four business leaders were COSEP Directors Enrique Dreyfus, Benjamin Lanzas, Gilberto Cuadra and Enrique Bolanos. All had strongly supported the overthrow of Dictator Anastasio Somoza. They had also advocated a mixed economy of socialism and free enterprise to rebuild Nicaragua's war-torn economy. But from the beginning, according to a Sandinista document, the government had planned to give the capitalists free rein only until it was able to take over the economy. COSEP members saw their control whittled away by nationalizations of banks, some industry and agricultural holdings. The economy became dependent upon an estimated $450 million...

Author: /time Magazine | Title: Nicaragua: Crackdown | 11/2/1981 | See Source »

...concerned about a declining economy, the ruling directorate declared a state of economic emergency in September, banning strikes, profiteering and the distribution of news or information deemed to be injurious to the economy. The regime was also worried about a possible counterinsurgency led by supporters of the deposed Somoza and other anti-Sandinista groups. Meanwhile, the government increased its attacks on COSEP. Junta Member Sergio Ramirez charged that the organization espoused "a systematic defense of the most primitive type of capitalism, which tries to paralyze the revolution, to resuscitate forces which hinder the revolutionary process...

Author: /time Magazine | Title: Nicaragua: Crackdown | 11/2/1981 | See Source »

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